An order for Boeing’s 737 Max aircraft was recently cancelled by the low-cost Saudi Arabian airline Flyadeal. This decision by the airline compounds the problems for Boeing which is already reeling under the pressure of all of its 737 Max planes being grounded across the world following two consecutive deadly crashes involving the aircrafts. The…
Microsoft co-founder and billionaire Bill Gates offered a very interesting account of what he believes Apple Inc. founder Steve Jobs did to keep the company together during tough times. Gates said that in order to uphold the morale of Apple employees at high level and to spur them to work for long hours, Steve Jobs…
While Walmart is fighting hard to give matching rivalry to Amazon.com, it is also facing criticisms of the costs of that fight and that is creating some concerns among the investors of the in the company. The profitability of Walmart is being hit because of the company spending large amounts in investments such as purchasing…
Verisk Maplecroft, a research firm that specialises in global risk, has calculated that every year, over two billion tonnes of municipal solid waste is produced throughout the world which would be able to fill up more than 800,000 Olympic sized swimming pools. The study further found that the Americans are the leaders in waste production…
Facebook has been charged with a violation of the law on internet transparency of Germany and has been fined 2 million euros ($2.26 million) by the regulators in the country. The allegation against the largest social media platform of the world was that it had provided a distorted picture about the quantity of illegal content…
German lender Deutsche Bank plans to become more effective in wealth management business segment because it believes it would bring in steadier revenue streams and has plans to recruit an additional 300 relationship and investment mangers for that business by 2021. There is a major restructuring under way at Deutsche Bank and the company now…
For the United States based tech companies, 2019 has been a good year for growth so far even as US lawmakers have been contemplating the question – how big is too big. Over the past six months, there has been a 25 per cent value enhancement in the market value of four of the five…
Following a massive 20 years of negotiations, a huge trade deal has been struck between the European Union and the South American economic bloc Mercosur. This was the largest trade deal ever for the EU, said the block’s Commission chief Jean-Claude Juncker and added that the two parties have shown that “we stand for rules-based…
After the discovery of a new flaw in Boeing’s most sold and currently globally grounded 737 Max jets by the United State airline regulators last week, analysts say that it would not be until late this year that the jest would be allowed to fly once again in the air, claimed reports published din the…
Telecommunications equipment maker Nokia believes that the tirade against the rival Chinese firm Huawei – the largest manufacturer of telecommunications equipment in the world, has been a “net positive” it. The comments were made by president of mobile networks at the Finnish company, Tommi Uitto. Nokia now has the opportunity for grabbing market share because…
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